Aston Barclay announces property sale-and-leaseback programme

Aston Barclay has announced the sale-and-leaseback of its Chelmsford, Westbury, Prees Heath and Leeds owned sites. 

Aston Barclay has agreed to long-term leases across all four of the sites.

Three of the properties have been acquired by a London-based multi-asset manager, with the other being purchased by a private investor.  Neither have any links to the remarketing sector. 

The sale-and-lease-back of these four properties is a strategic move, which it says enhances Aston Barclay’s ability to focus on profitable growth. 

The Wakefield and Donington sites have remained unaffected by this announcement as they are already on long-term leases. 

Executive chairman at Aston Barclay, Greg MacLeod, said: “The sale-and-lease back of these four properties is a strategic decision that enhances our ability to focus on profitable growth.”

He added: “We are committed to our six sites, and they are crucial to our growth plans. 

“This deal does not affect the day-to-day operations across our sites and the Group will continue to trade as usual.

“The agreement means that Aston Barclay are completely debt free.

“The business continues to be profitable and scalable, and we continue to invest in our customer offer.”